ST Germain D J Co. Inc. Acquires 53 Shares of T-Mobile US, Inc. $TMUS

ST Germain D J Co. Inc. increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 477 shares of the Wireless communications provider’s stock after purchasing an additional 53 shares during the period. ST Germain D J Co. Inc.’s holdings in T-Mobile US were worth $114,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TMUS. Nuveen LLC bought a new stake in shares of T-Mobile US in the first quarter worth $618,248,000. Assenagon Asset Management S.A. grew its stake in shares of T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after purchasing an additional 1,160,275 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after purchasing an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after buying an additional 844,932 shares during the period. Finally, Amundi lifted its holdings in T-Mobile US by 34.4% in the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock valued at $851,066,000 after buying an additional 813,331 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $237.47 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm’s 50-day moving average price is $244.96 and its 200-day moving average price is $244.85. The firm has a market capitalization of $267.25 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.30 and a beta of 0.61. T-Mobile US, Inc. has a 1-year low of $202.77 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.49 earnings per share. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. T-Mobile US’s payout ratio is presently 38.49%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TMUS. Morgan Stanley boosted their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price on the stock. Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a report on Monday, July 7th. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, Rothschild & Co Redburn upgraded shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.02.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $238.98, for a total transaction of $15,396,525.48. Following the completion of the sale, the director directly owned 634,305,918 shares of the company’s stock, valued at $151,586,428,283.64. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 2,595,472 shares of company stock worth $625,997,723 over the last ninety days. Insiders own 0.37% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.